Riyad Capital's $400M Fund Aims to Transform Riyadh's Urban Landscape
Riyad Capital has launched the Riyad Real Estate Development Fund, valued at approximately $400 million, in collaboration with Her Highness Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment Company. This initiative is part of Saudi Vision 2030, focusing on urban development in Riyadh. The project involves a 32,000-square-meter land plot on Al-Takhassusi Road, designed to host a mix of hospitality, office, residential, and retail assets. A key feature is its classification as a Transit-Oriented Development (TOD), located near the Al-Takhassusi Metro Station, aiming to integrate with Riyadh's public transport infrastructure.